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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and Four Corners Property Trust, Inc. (FCPT). Click either name above to swap in a different company.

ADMA BIOLOGICS, INC. is the larger business by last-quarter revenue ($139.2M vs $78.2M, roughly 1.8× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 35.5%, a 3.4% gap on every dollar of revenue. On growth, ADMA BIOLOGICS, INC. posted the faster year-over-year revenue change (18.4% vs 9.4%). Over the past eight quarters, ADMA BIOLOGICS, INC.'s revenue compounded faster (30.4% CAGR vs 8.4%).

ADMA Biologics Inc. is a biopharmaceutical enterprise focused on the research, development, manufacturing and commercialization of specialty plasma-derived immunoglobulin therapies. It primarily operates in the United States, catering to patients with primary immunodeficiency and other immune-related disorders, healthcare providers and medical institutions across its core immune health therapeutic segment.

Four Corners Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns, and manages a portfolio of high-quality net-leased commercial properties. Its assets are primarily restaurant and retail locations across the United States, with tenants largely operating in stable consumer-facing industry segments with proven operational performance.

ADMA vs FCPT — Head-to-Head

Bigger by revenue
ADMA
ADMA
1.8× larger
ADMA
$139.2M
$78.2M
FCPT
Growing faster (revenue YoY)
ADMA
ADMA
+9.0% gap
ADMA
18.4%
9.4%
FCPT
Higher net margin
FCPT
FCPT
3.4% more per $
FCPT
38.8%
35.5%
ADMA
Faster 2-yr revenue CAGR
ADMA
ADMA
Annualised
ADMA
30.4%
8.4%
FCPT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ADMA
ADMA
FCPT
FCPT
Revenue
$139.2M
$78.2M
Net Profit
$49.4M
$30.4M
Gross Margin
63.8%
Operating Margin
45.1%
55.3%
Net Margin
35.5%
38.8%
Revenue YoY
18.4%
9.4%
Net Profit YoY
-55.9%
16.0%
EPS (diluted)
$0.20
$0.28

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADMA
ADMA
FCPT
FCPT
Q1 26
$78.2M
Q4 25
$139.2M
$75.7M
Q3 25
$134.2M
$74.1M
Q2 25
$122.0M
$72.8M
Q1 25
$114.8M
$71.5M
Q4 24
$117.5M
$68.3M
Q3 24
$119.8M
$66.8M
Q2 24
$107.2M
$66.5M
Net Profit
ADMA
ADMA
FCPT
FCPT
Q1 26
$30.4M
Q4 25
$49.4M
$29.4M
Q3 25
$36.4M
$28.8M
Q2 25
$34.2M
$27.9M
Q1 25
$26.9M
$26.2M
Q4 24
$111.9M
$26.2M
Q3 24
$35.9M
$25.6M
Q2 24
$32.1M
$24.7M
Gross Margin
ADMA
ADMA
FCPT
FCPT
Q1 26
Q4 25
63.8%
Q3 25
56.3%
Q2 25
55.1%
Q1 25
53.2%
Q4 24
53.9%
Q3 24
49.8%
Q2 24
53.6%
Operating Margin
ADMA
ADMA
FCPT
FCPT
Q1 26
55.3%
Q4 25
45.1%
Q3 25
38.0%
Q2 25
35.1%
Q1 25
30.4%
Q4 24
32.6%
Q3 24
33.1%
Q2 24
36.6%
Net Margin
ADMA
ADMA
FCPT
FCPT
Q1 26
38.8%
Q4 25
35.5%
38.9%
Q3 25
27.1%
38.9%
Q2 25
28.1%
38.3%
Q1 25
23.4%
36.6%
Q4 24
95.2%
38.3%
Q3 24
30.0%
38.3%
Q2 24
29.9%
37.1%
EPS (diluted)
ADMA
ADMA
FCPT
FCPT
Q1 26
$0.28
Q4 25
$0.20
$0.27
Q3 25
$0.15
$0.28
Q2 25
$0.14
$0.28
Q1 25
$0.11
$0.26
Q4 24
$0.45
$0.27
Q3 24
$0.15
$0.27
Q2 24
$0.13
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADMA
ADMA
FCPT
FCPT
Cash + ST InvestmentsLiquidity on hand
$87.6M
$29.6M
Total DebtLower is stronger
$72.1M
Stockholders' EquityBook value
$477.3M
$1.7B
Total Assets
$624.2M
$3.0B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADMA
ADMA
FCPT
FCPT
Q1 26
$29.6M
Q4 25
$87.6M
$12.1M
Q3 25
$61.4M
$6.7M
Q2 25
$90.3M
$6.0M
Q1 25
$71.6M
$22.3M
Q4 24
$103.1M
$4.1M
Q3 24
$86.7M
$44.5M
Q2 24
$88.2M
$17.2M
Total Debt
ADMA
ADMA
FCPT
FCPT
Q1 26
Q4 25
$72.1M
$1.2B
Q3 25
$72.4M
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$72.3M
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
ADMA
ADMA
FCPT
FCPT
Q1 26
$1.7B
Q4 25
$477.3M
$1.6B
Q3 25
$431.2M
$1.5B
Q2 25
$398.3M
$1.5B
Q1 25
$373.4M
$1.4B
Q4 24
$349.0M
$1.5B
Q3 24
$231.9M
$1.4B
Q2 24
$188.3M
$1.3B
Total Assets
ADMA
ADMA
FCPT
FCPT
Q1 26
$3.0B
Q4 25
$624.2M
$2.9B
Q3 25
$568.7M
$2.8B
Q2 25
$558.4M
$2.8B
Q1 25
$510.6M
$2.7B
Q4 24
$488.7M
$2.7B
Q3 24
$390.6M
$2.6B
Q2 24
$376.4M
$2.5B
Debt / Equity
ADMA
ADMA
FCPT
FCPT
Q1 26
Q4 25
0.15×
0.74×
Q3 25
0.17×
0.79×
Q2 25
0.81×
Q1 25
0.84×
Q4 24
0.21×
0.78×
Q3 24
0.84×
Q2 24
0.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADMA
ADMA
FCPT
FCPT
Operating Cash FlowLast quarter
$35.6M
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
24.8%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.72×
TTM Free Cash FlowTrailing 4 quarters
$27.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADMA
ADMA
FCPT
FCPT
Q1 26
Q4 25
$35.6M
$192.3M
Q3 25
$13.3M
$48.9M
Q2 25
$21.1M
$43.8M
Q1 25
$-19.7M
$51.6M
Q4 24
$50.2M
$144.1M
Q3 24
$25.0M
$43.4M
Q2 24
$45.6M
$39.7M
Free Cash Flow
ADMA
ADMA
FCPT
FCPT
Q1 26
Q4 25
$34.6M
Q3 25
$-1.1M
Q2 25
$18.7M
Q1 25
$-24.4M
Q4 24
$47.5M
Q3 24
$24.0M
Q2 24
$43.6M
FCF Margin
ADMA
ADMA
FCPT
FCPT
Q1 26
Q4 25
24.8%
Q3 25
-0.8%
Q2 25
15.3%
Q1 25
-21.2%
Q4 24
40.4%
Q3 24
20.0%
Q2 24
40.7%
Capex Intensity
ADMA
ADMA
FCPT
FCPT
Q1 26
Q4 25
0.8%
Q3 25
10.7%
Q2 25
2.0%
Q1 25
4.1%
Q4 24
2.3%
Q3 24
0.9%
Q2 24
1.9%
Cash Conversion
ADMA
ADMA
FCPT
FCPT
Q1 26
Q4 25
0.72×
6.53×
Q3 25
0.36×
1.70×
Q2 25
0.62×
1.57×
Q1 25
-0.73×
1.97×
Q4 24
0.45×
5.51×
Q3 24
0.70×
1.70×
Q2 24
1.42×
1.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADMA
ADMA

ADMA Bio Manufacturing Segment$123.1M88%
Other$16.0M12%

FCPT
FCPT

Rental revenue$69.8M89%
Restaurant revenue$8.4M11%

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